Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.22.2.2
Property and Equipment
 9 Months Ended
Sep. 30, 2022
Property and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    September 30,
2022		     December 31,
2021		  
Vehicles   $ 149,916     $ 149,916  
Computer equipment     348,408       183,869  
Furniture and fixtures     461,352       141,053  
Software     161,284       88,284  
Leasehold improvements     2,038,443       37,401  
Development equipment     288,121       56,275  
Base stations     258,411       117,850  
Drones     106,222       54,969  
Construction in progress     1,144,015       627,044  
 Total property and equipment     4,956,172       1,456,661  
Less: accumulated depreciation     (660,138 )     (424,662 )
Net property and equipment   $ 4,296,034     $ 1,031,999  

 

Depreciation expenses for the three months ended September 30, 2022, and 2021 were $153,213 and $27,553, respectively. Depreciation expenses for the nine months ended September 30, 2022, and 2021 were $280,195 and $77,825, respectively.